Warning: Scam on https://chargepoint.cc

Be aware of a fraudulent scheme involving unauthorized transactions and withdrawal issues. Victims have reported unauthorized transfers of USDT to the following address: TVvpcTD44DwBs1m1Fh4D3qresJwhwvPrg8.

Case Details:

• Cryptocurrency: Tron/TRC-10/TRC-20 Token
• Transaction Hash: 62a4b98a8bce58b2a1ecc07369d08a3aeedafccd725a8ff7402bd93df321dc00

Receiving Address:
TVvpcTD44DwBs1m1Fh4D3qresJwhwvPrg8

If this or any similar fraudulent scheme has scammed you, please share your experience to help others avoid falling victim and assist ongoing investigations.

Your story can provide valuable information for tracking and stopping these scams.

Stay vigilant and double-check the authenticity of any transaction and the legitimacy of the involved websites.

Chargepoint.cc Domain Analysis

Chargepoint.cc is hosted by Cloudflare, Inc., and was registered with ALIBABA.COM SINGAPORE E-COMMERCE PRIVATE LIMITED on June 9, 2024. The registrant’s location is listed as California, USA.

Despite its recent registration, Chargepoint.cc has already been flagged for suspicious activities, with backlinks from sites like Scam Detector indicating its fraudulent nature. The domain has an authority score of 0, no organic search traffic, and only three backlinks from two referring domains. These metrics suggest that the site is not established and lacks credibility.

The WHOIS data reveals that the domain status is currently “ok.” Still, given its recent creation and the associated complaints, avoiding any transactions with this site is highly advisable.

Chargepoint.cc Review

The website “chargepoint.cc” presents itself as a platform for intelligent quantitative trading, emphasizing its ability to exploit price differences between cryptocurrency exchanges through arbitrage. The platform claims that its trading robots can buy low on one exchange and sell high on another within one second, a feat not possible for human traders due to the rapid price changes. ChargePoint also offers a multi-level marketing (MLM) scheme, encouraging users to become team leaders and earn rewards by promoting the platform on social media platforms like Facebook, Twitter, YouTube, Instagram, TikTok, WhatsApp, Telegram, and others.

The platform provides detailed descriptions of various product levels, each with different investment amounts and corresponding daily incomes. For example, an investment of 18 USDT (CP-1) promises a daily income of 6.5 USDT, while an investment of 9988 USDT (CP-9) promises a daily income of 12,988 USDT. Additionally, the platform claims to offer a 10,000 USDT protection fund for new users, which is used to mitigate market fluctuations during transactions but cannot be withdrawn.

ChargePoint outlines a commission structure where users can earn rebates for bringing in new members who deposit funds. The commissions are 15% for level 1, 3% for level 2, and 1% for level 3. The platform also lists rewards based on the total stored value amount of subordinates, with additional rewards ranging from 3% to 30% depending on the deposit amount.

The website provides steps to recharge digital currencies into the ChargePoint account and withdraw digital assets to other platforms or wallets. It recommends using the TRC-20 chain for transactions due to its speed and lower fees. The site also emphasizes the importance of confirming the correctness of currency, chain, and address during transactions to avoid errors.

ChargePoint claims to be a company founded in 2007 and headquartered in Texas, USA, with its platform entering international markets in 2021. The company states that it has established strategic partnerships with well-known cryptocurrency exchanges like Binance, Coinbase, Huobi, and others. The contact details include an official email (chargepoint.ltd@gmail.com) and a registered office address at 240 East Hacienda Avenue, Campbell, CA 95008, USA. The platform also claims to offer customer service that is available 24/7.

Critical Summary

ChargePoint.cc presents itself as a sophisticated cryptocurrency arbitrage platform with an MLM component. It describes its trading robot’s capabilities, various investment levels, daily income promises, and commission structures for recruiting new members. The site provides instructions for depositing and withdrawing digital currencies and emphasizes the benefits of using the TRC-20 chain. The company claims a long history and strategic partnerships with major cryptocurrency exchanges, providing an official email and a registered address for contact.

Red Flags Indicative of a Scam

1. The platform promises extraordinarily high daily investment returns, a typical red flag for scams. The returns mentioned (e.g., 12,988 USDT daily income for a 9988 USDT investment) are highly unrealistic in legitimate investment scenarios.
2. MLM Structure: The multi-level marketing structure with commissions for recruiting new members often indicates a pyramid scheme, which is illegal in many jurisdictions and unsustainable in the long term.
3. There is no mention of regulatory oversight or licensing from financial authorities, which is crucial for investment platforms dealing with significant amounts of money.
4. The platform provides vague explanations about how the trading robots operate and generate profits, lacking transparency about trading strategies and risk management.
5. The provided registered office address in Campbell, CA, does not match the claimed Texas headquarters. Additionally, using a generic email service (Gmail) for official communication is unprofessional and suspicious.
6. The offer of a 10,000 USDT protection fund that cannot be withdrawn and the daily income guarantees are typical characteristics of fraudulent schemes designed to lure in unsuspecting investors.

In conclusion, while ChargePoint.cc presents a polished front with detailed descriptions and claims of high returns, the numerous red flags suggest that it is likely a scam.

Prospective investors should exercise extreme caution and consider the platform’s unrealistic promises, lack of regulatory oversight, and typical characteristics of pyramid schemes before engaging with it.

Chargepoint.cc Reviews

Reviews and trust scores from various sources like Trustpilot and ScamDoc are highly critical, indicating potential scam risks. Trustpilot reviews show a 3.7 rating from a single review, while ScamDoc gives a very low trust score of 2%.

If this or any similar fraudulent scheme has scammed you, please share your experience to help others avoid falling victim and assist ongoing investigations.